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Danish (OMX) Market Analysis & Valuation

UpdatedAug 04, 2026
DataAggregated Company Financials
Companies130
  • 7D-3.1%
  • 3M3.0%
  • 1Y0.5%
  • YTD-1.9%

Over the last 7 days, the market has dropped 1.2%, driven by a decline of 4.6% in the Healthcare sector. In the last 12 months the market has been flat overall. As for the next few years, earnings are expected to grow by 7.6% per annum.

Trending IndustriesBiotech

Market Valuation and Performance

Has the Danish Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 04 Aug 2026DKK 4.1tDKK 2.1tDKK 245.2b18.1x16.8x2x
Thu, 02 Jul 2026DKK 4.2tDKK 2.1tDKK 245.7b16.6x17x2x
Sat, 30 May 2026DKK 4.0tDKK 2.0tDKK 244.9b16.6x16.5x2x
Mon, 27 Apr 2026DKK 3.8tDKK 2.0tDKK 237.2b15.8x16.1x1.9x
Wed, 25 Mar 2026DKK 3.6tDKK 2.0tDKK 237.4b15.5x15.2x1.8x
Fri, 20 Feb 2026DKK 4.1tDKK 2.0tDKK 237.7b16.6x17.2x2.1x
Sun, 18 Jan 2026DKK 4.6tDKK 2.0tDKK 261.2b16.9x17.4x2.3x
Tue, 16 Dec 2025DKK 4.1tDKK 1.9tDKK 260.5b15.1x15.7x2.1x
Thu, 13 Nov 2025DKK 4.1tDKK 2.0tDKK 260.9b15.2x15.6x2.1x
Sat, 11 Oct 2025DKK 4.1tDKK 1.9tDKK 287.8b15.1x14.2x2.1x
Mon, 08 Sep 2025DKK 4.0tDKK 1.9tDKK 287.3b15.1x13.9x2.1x
Wed, 06 Aug 2025DKK 3.8tDKK 1.9tDKK 261.9b15.5x14.5x2x
Fri, 04 Jul 2025DKK 4.4tDKK 1.9tDKK 261.7b15.7x16.7x2.4x
Sun, 01 Jun 2025DKK 4.5tDKK 1.9tDKK 263.6b15.9x17.1x2.4x
Tue, 29 Apr 2025DKK 4.2tDKK 1.9tDKK 258.6b14x16.1x2.2x
Thu, 27 Mar 2025DKK 4.7tDKK 1.9tDKK 261.0b15.4x18x2.5x
Sat, 22 Feb 2025DKK 5.3tDKK 1.9tDKK 264.2b13.9x20.2x2.8x
Mon, 20 Jan 2025DKK 5.0tDKK 1.8tDKK 238.9b13.8x21x2.7x
Wed, 18 Dec 2024DKK 5.9tDKK 1.8tDKK 238.0b13.7x24.8x3.2x
Fri, 15 Nov 2024DKK 5.9tDKK 1.8tDKK 235.9b14.4x24.8x3.2x
Sun, 13 Oct 2024DKK 6.3tDKK 1.7tDKK 181.0b15.4x34.6x3.6x
Tue, 10 Sep 2024DKK 6.5tDKK 1.7tDKK 180.2b15.1x36x3.7x
Thu, 08 Aug 2024DKK 6.2tDKK 1.7tDKK 185.5b15.2x33.4x3.6x
Sat, 06 Jul 2024DKK 6.9tDKK 1.7tDKK 184.5b15.4x37.3x4x
Mon, 03 Jun 2024DKK 6.7tDKK 1.7tDKK 184.5b15.3x36.3x3.9x
Wed, 01 May 2024DKK 6.5tDKK 1.7tDKK 191.4b14.9x33.8x3.8x
Fri, 29 Mar 2024DKK 6.4tDKK 1.7tDKK 192.4b14.8x33.5x3.8x
Sun, 25 Feb 2024DKK 6.3tDKK 1.7tDKK 191.5b13x32.8x3.7x
Tue, 23 Jan 2024DKK 5.7tDKK 1.8tDKK 217.0b13.5x26.3x3.2x
Thu, 21 Dec 2023DKK 5.5tDKK 1.8tDKK 216.5b13.4x25.4x3.1x
Sat, 18 Nov 2023DKK 5.4tDKK 1.8tDKK 217.1b12.7x24.8x3x
Mon, 16 Oct 2023DKK 5.5tDKK 1.9tDKK 285.8b13x19.3x2.9x
Wed, 13 Sep 2023DKK 5.0tDKK 1.9tDKK 282.8b13.4x17.9x2.7x
Fri, 11 Aug 2023DKK 5.3tDKK 1.9tDKK 273.9b13.4x19.5x2.9x
Price to Earnings Ratio

19.5x


Total Market Cap: DKK 5.3tTotal Earnings: DKK 273.9bTotal Revenue: DKK 1.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Danish Market Price to Earnings3Y Average 22.5x202420252026
Current Market PE
  • Investors are pessimistic on the Danish market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 16.9x which is lower than its 3-year average PE of 22.5x.
Past Earnings Growth
  • The earnings for Danish listed companies have declined 3.7% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.8% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Danish Market?

DK Market-3.06%
Consumer Discretionary4.64%
Financials2.52%
Tech2.23%
Utilities1.87%
Real Estate0.80%
Consumer Staples0.41%
Industrials0.41%
Telecom0.28%
Materials-2.36%
Energy-2.52%
Healthcare-7.89%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 55.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 35.5% which is higher than its past year's earnings decline of 25.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings decline of 25% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 33% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
DANSKE Danske BankDKK 375.203.5%
+DKK 10.3b		45.7%PB1.8xFinancials
VWS Vestas Wind SystemsDKK 175.354.7%
+DKK 7.7b		48.7%PE26.9xIndustrials
ORSTED ØrstedDKK 144.201.9%
+DKK 3.5b		-53.3%PS2.4xUtilities
PNDORA PandoraDKK 840.805.1%
+DKK 2.9b		-21.6%PE11.7xConsumer Discretionary
ROCK B RockwoolDKK 212.805.3%
+DKK 2.2b		-23.5%PE1471.7xIndustrials
See more

Market Insights

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Latest News

DANSKE
DKK 375.20
Danske Bank
7D
3.5%
1Y
45.7%
NOVO B
DKK 302.30
Novo Nordisk
7D
-9.9%
1Y
-1.2%
PNDORA
DKK 840.80
Pandora
7D
5.1%
1Y
-21.6%
Narrative Update • Jul 30

PNDORA: Reaffirmed 2026 EBIT Margin Outlook Will Drive Bullish Repricing

Analysts have raised their DKK fair value estimate for Pandora from DKK 1,059 to DKK 1,101. The change reflects updated assumptions on discount rates, revenue growth, profit margins and future P/E multiples.
HLUN B
DKK 40.34
H. Lundbeck
7D
-4.2%
1Y
16.0%
DSV
DKK 1,376.00
DSV
7D
-1.9%
1Y
-4.7%
Analysis Article • Jul 25

Earnings Miss: DSV A/S Missed EPS By 5.8% And Analysts Are Revising Their Forecasts

It's been a sad week for DSV A/S ( CPH:DSV ), who've watched their investment drop 14% to kr.1,449 in the week since...
ISS
DKK 285.00
ISS
7D
-3.4%
1Y
53.2%
Narrative Update • Jul 24

ISS: Expanded Buybacks And Upgraded Outlook Will Support Future Upside

Analysts have raised the ISS price target from DKK 250 to DKK 334, citing updated assumptions that include revised revenue growth expectations, a different discount rate, adjusted profit margin forecasts, and a new forward P/E multiple. What’s in the News for ISS ISS A/S expanded its share buyback programme from a maximum consideration of DKK 2.5b to DKK 3.1b between 19 February 2026 and 22 February 2027.
NSIS B
DKK 412.70
Novozymes
7D
-2.6%
1Y
-3.3%
Narrative Update • Jul 24

NSIS B: Consumer Ingredients And Probiotics Expansion Will Support Higher Multiple Potential

The analyst price target for Novozymes has been reset to DKK 520, with analysts pointing to updated assumptions on growth, profitability and valuation multiples as the main drivers of the change. Analyst Commentary Recent Street research on Novozymes, now part of Novonesis, shows a series of constructive shifts in sentiment, with several firms revisiting their assumptions on valuation, execution and growth.
GMAB
DKK 1,846.00
Genmab
7D
-3.2%
1Y
29.0%
NKT
DKK 884.50
NKT
7D
3.8%
1Y
63.6%
Narrative Update • Jul 23

NKT: Power Cable Execution Risks Will Restrain Further Share Price Upside

NKT's analyst fair value estimate has moved higher to DKK 517 from about DKK 500, reflecting a series of recent price target revisions, including increases to DKK 905 and DKK 850 at one global bank and an upgrade to Buy with a DKK 1,115 target at another. Analysts link these changes to updated assumptions on revenue growth, profit margins and the discount rate.
KBHL
DKK 5,500.00
Københavns Lufthavne
7D
-3.2%
1Y
-16.4%
VWS
DKK 175.35
Vestas Wind Systems
7D
4.7%
1Y
48.7%
ALK B
DKK 214.80
ALK-Abelló
7D
-5.0%
1Y
14.7%
Narrative Update • Jul 10

ALK B: Allergy Immunotherapy Leadership Will Drive Future Earnings Reassessment

Analysts have raised their price target on ALK-Abelló from DKK 185 to DKK 285, citing the company's position as a global leader in allergy immunotherapy and recent Street research that supports this view. What’s in the News for ALK-Abelló MHRA in the UK granted marketing authorisation for EURneffy 1 mg, the first needle-free adrenaline treatment for anaphylaxis in children aged 4 and older weighing 15 kg to less than 30 kg.
ROCK B
DKK 212.80
Rockwool
7D
5.3%
1Y
-23.5%
Narrative Update • Jul 10

ROCK B: Earnings Guidance And Rating Upgrade Will Support Future Multiple Rerating

Analysts have raised their Rockwool price target from DKK 259.97 to DKK 269.93, citing updated assumptions on fair value, discount rate, revenue growth and profit margin, along with recent rating changes and target revisions from the Street. Analyst Commentary Recent Street research on Rockwool points to a more constructive tone, with bullish analysts highlighting both valuation support and improving expectations for execution.
ALSYDB
DKK 630.50
AL Sydbank
7D
3.8%
1Y
30.1%
JYSK
DKK 1,037.00
Jyske Bank
7D
3.3%
1Y
57.6%
Narrative Update • Jun 16

JYSK: Share Repurchases And Capital Changes Will Steady Future Share Price

Analysts have nudged their price target for Jyske Bank slightly higher, with fair value moving from DKK 946.00 to DKK 950.00, citing small refinements to the discount rate, revenue growth, profit margin and future P/E assumptions. What’s in the News for Jyske Bank Jyske Bank is progressing with its 2026 share repurchase programme, which runs from 5 February 2026 to 29 January 2027 and targets up to DKK 3b in share buybacks, according to recent disclosures.
ORSTED
DKK 144.20
Ørsted
7D
1.9%
1Y
-53.3%